Personal finance

Americans with about 10 years to go before reaching retirement age are “critically underprepared,” according to a new study by Prudential. The study found that 67% of 55-year-olds surveyed said they fear they will outlive their savings, compared with 59% of 65-year-olds and 52% of 75-year-olds. To that point, with just a decade until retirement,

Morsa Images | Digitalvision | Getty Images It’s no secret that many college graduates are struggling with student loan debt. Still, many borrowers aren’t talking about their loans with their significant other. Nearly 1 in 5 student loan borrowers in the U.S. — or 19% — say they are hiding their loan balance from their

Hispanolistic | E+ | Getty Images A retirement savings crisis is looming for people who have 401(k) plans and other retirement balances woefully short of what they will need to live on. But some workers — called “super savers” — are managing to successfully grow their retirement nest eggs. Super savers are workers who are

Thana Prasongsin | Moment | Getty Images The typical newly built house on the market these days is smaller than those for sale a decade ago. Whether that is a good or bad sign will depend on your priorities for your future home.  In the first quarter of 2024, a single-family home newly under construction

Ongoing problems with the new Free Application for Federal Student Aid have delayed financial aid award letters — and have even prevented many high school seniors and their families from applying for aid at all. As of June 14, only 45% of the high school class of 2024 has completed the FAFSA, according to the National College Attainment Network.

Ascentxmedia | Istock | Getty Images The pace of inflation has subsided from its 2022 peak, but retirees and near-retirees are still feeling the shock of the surge in price growth. That is prompting many people to make significant changes to their retirement plans, according to new research from insurance company Prudential Financial. The firm’s

Hispanolistic | E+ | Getty Images The average 401(k) savings rate — including employee deferrals and company contributions — has maintained historic levels as plan designs make it easier for workers to set money aside. In 2023, the average combined savings rate was an estimated 11.7%, which matched a record high from 2022, according to

10’000 Hours | Digitalvision | Getty Images There are areas in the U.S. that are considered to be the least difficult places to buy a home, according to a new real estate indicator. When the counties are sorted by index rank, Iroquois County, Illinois is the least difficult market to buy a home, according to

An exterior view of the Supreme Court on June 20, 2024 in Washington, DC.  Andrew Harnik | Getty Images In a closely watched case, the Supreme Court on Thursday denied a challenge to a federal tax on certain foreign investments — but left questions about whether a wealth tax is constitutional. The case, Moore v.

TikTok is chock-full of tips for building wealth. The latest money-saving trend taking over is the “no-spend month,” which encourages TikTok users to cut out all non-essential purchases for a set period. But, in this case, even the best intentions can backfire. Here is what you should know before swearing off unnecessary spending. The no-spend rules The

Leopatrizi | E+ | Getty Images More built-for-rent single-family homes are being constructed in the U.S., according to the National Association of Home Builders, and experts say this is in part due to the housing affordability crisis. “When mortgage rates move higher, and it’s harder to buy a home, renting becomes more of an option,”

Lourdes Balduque | Moment | Getty Images The U.S. Department of Education may extend the eligibility of a popular student loan forgiveness program to early childhood educators. The agency on Thursday announced that it was issuing a request for information on potentially broadening the Public Service Loan Forgiveness program to include workers in early childhood

People walk past a restaurant, with a hiring sign outside, in Washington, D.C., on Oct. 5, 2023. Andrew Caballero-Reynolds | AFP | Getty Images The unemployment rate, which has remained low for two years, has been inching higher in the first half of the year, according to data from the Bureau of Labor Statistics. For

Tanja Ivanova | Moment | Getty Images Student loan borrowers have until the end of June to meet a deadline that could lead to quicker debt forgiveness. Some could even see their debt cleared immediately. Those with several student loans who apply for so-called loan consolidation by June 30 — a move that packages multiple federal

Joe Biden and Donald Trump Getty Images Voters, ages 50 and older, will have a strong influence on the November election. And politicians who want to win their vote would be wise to emphasize personal economic issues that affect them, particularly Social Security, according to a new AARP poll of likely voters from the 44

Fg Trade | E+ | Getty Images As older members of Generation X inch toward their golden years, the pressure of retirement saving is on — especially for those sandwiched between the financial burdens of caring for both elderly parents and adult children. About half, or 48%, of Gen Xers say they won’t have enough

Car payments have skyrocketed in recent years due to a combination of high prices and high interest rates. While some relief may come soon, industry insiders say prices may still remain high for quite some time. As of May, customers were paying, on average, $760 a month for an auto loan, according to Moody’s Analytics.

Halbergman | E+ | Getty Images Most people know very little about the Uber drivers who take them to work, school and wherever else they need to go. In Jonathan Rigsby’s new book, “Drive: Scraping by in Uber’s America, One Ride at a Time,” he takes the reader into the driver’s seat. Despite Rigsby’s job

Andresr | E+ | Getty Images With trillions of dollars in tax breaks scheduled to expire after 2025, financial advisors are working with clients to prepare for the looming tax cliff.     Enacted by former President Donald Trump, the Tax Cuts and Jobs Act of 2017, or TCJA, included lower federal income tax brackets, bigger standard

A potential buyer walks in to view a home for sale during an open house in Parkland, Florida, May 25, 2021. Carline Jean | Tribune News Service | Getty Images Owning a home can provide a way to build wealth that will transfer from one generation to the next. But more than $32 billion in